Raw sugar is a crystalized sugar, which is also referred to as turbinado sugar. It contains about 96-99% sucrose and a few amounts of molasses. It has the same calorie count as table sugar.
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It is minimally processed and is composed of sugar crystals which are further converted to a thin film of impurities on the surface. It is rich in minerals and vitamins. It comprises about 97.33% carbohydrates and has no proteins, fats, or dietary fibres present in it.
The top raw sugar-producing countries are India, Brazil, Thailand, and the United States.
Key Details About the Raw Sugar Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Raw Sugar price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Raw Sugar price trend, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Raw Sugar Price Trend:
The expansion of different categories in the food and beverage sector has been significantly fueled by the growing emphasis on innovation, the creation of unique goods, and the evolution of consumer demand. Sugar’s wide range of uses has made it a crucial ingredient in the food processing sector.
The main factor fueling the market’s expansion is customers’ rising demand for processed foods and drinks. Moreover, sugar is a major component of both alcoholic and non-alcoholic beverages.
Demand for various beverages, including dairy, soft drinks, and functional beverages, has greatly increased as a result of the new trend of drinking liquids as a form of snacking.
Due to rising population levels and rising disposable income among customers in developing economies, the demand for baked goods has expanded tremendously in recent years. Sugar demand is expected to increase in the coming years due to consumers’ growing desire for desserts.
It is anticipated that the rising popularity of a variety of other processed foods, such as sauces, soups, ready-to-cook, ready-to-eat meals, and frozen foods, will promote market expansion.
Key Market Players:
- Südzucker AG
- British Sugar plc
- Mitr Phol Group
- Santushti International
- Wilmar International Ltd
News and Events:
- December 15, 2022: The price of raw sugar futures on the ICE reached its highest level in over six years as demand from India, the world’s second-largest exporter, decreased.
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